The Government just can’t help itself but tinker with super. Our courts then need to interpret what it all really means, so we know exactly what we can and can’t do. Put simply, super never stands still. But it remains worthwhile hanging in there, because you can...
It’s official: super isn’t part of your estate. A recent Federal Court Decision highlights the risk of failing to consider one of your biggest assets – your super – as part of your estate plan. The recent Federal Court Decision in Stock (as Executor of the Will of...
Payroll tax applies when the total wages expense for a business equals or exceeds $1.5 million in a financial year. Medical clinics in South Australia have not previously been paying payroll tax for payments made to General Practitioners (GPs) who provide services to...
Trusts have long been an essential tool in estate planning and wealth management in Australia. They offer a flexible way to hold and distribute assets while providing tax benefits and asset protection, but all good things come to an end, and each trust has a vesting...
The question of who can “witness a stat dec” in South Australia comes up quite often. The good news is that the list is long. The bad new is that not all of them know what they are doing!
How would you structure a property development project for tax purposes? Not that you would ever structure something just for tax. Of course tax is just one factor of many you need to consider. In this episode let’s look at the basics. What types of developers are...
If you want to sell parts of your land, you need to subdivide. But when you do this subdivision of land, what happens taxwise? When does CGT event K4 apply? Can you retain the main residence exemption? And when would your property development be a profit making scheme...
How should you structure a multi-project business for asset protection? Let’s say you are a builder with several construction projects. Or in hospitality with several restaurants and cafes. Or a retail chain with various locations. Or in agriculture with several...
How can you protect your personal assets from creditors, the ATO and so on? How can you reduce the risk? Andrew Andreyev will tell you how and discuss the five layers of asset protection with you. You can listen to our insights here or below. You can read more about...
An asset protection trust (aka equity split) does not give you 100% protection but it helps. In another episode, we already touched on asset protection trusts as the fifth layer of asset protection. In this episode, Andrew Andreyev drills deeper into this. You can...
People enter into contracts for the sale and purchase of property frequently However, if you are not familiar with the legal and procedural requirements, you may miss out on valuable opportunities and benefits, including: Tax benefits: Certain property holding...
Dividing a parcel of land into two or more separate titles can be great way to improve the overall value of your investment. Set out below are the key steps in this process. Contact your Council and prepare a 'Plan' First you will need to get a copy of your Council's...
The “how” of purchasing an investment can be almost as important as the “what” The most suitable vehicle for acquiring an investment property will depend on a number of tax and non-tax considerations, including how the investment is funded, the tax impacts of...
Do you provide credit to your customers? If so, you need to understand the full implications of the Personal Property Securities Act. If you do not, you risk losing title to your goods. Hopefully you have written ‘Terms of Supply’ with your customers. Hopefully...
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